Monday, 18 October 2021 04:37 GMT

Knaus Tabbert invests 50 million in capacity expansion at Jandelsbrunn site (news with additional features)


(MENAFN- EQS Group) DGAP-News: Knaus Tabbert AG / Key word(s): Strategic Company Decision/Expansion
14.10.2021 / 11:48
The issuer is solely responsible for the content of this announcement.

- Expansion of the production site in Jandelsbrunn by 21,500 sqm for new superstructure production
- Expansion of production capacities for sales growth to 2 billion euros by 2025
- Implementation of the announced investment program on plan

Knaus Tabbert AG, a leading manufacturer of leisure vehicles in Germany and Europe, has begun construction of a new production facility at its headquarters in Jandelsbrunn (D) with an investment volume of around 50 million euros. The largest ever new building project in the Group's history will significantly expand the site's production capacity. The approximately 21,500 sqm facility is an important part of the 220 million euro investment program with which the Group aims to achieve its medium-term growth targets. As part of its corporate strategy, Knaus Tabbert has set itself the goal of increasing sales revenues from the current level of around 800 million euros (2020) to around 2 billion

"We are investing in the future of tomorrow. The new facility at our main site is a key element of our investment program and an important contribution to the future development of our company," said Werner Vaterl, COO of Knaus Tabbert AG, explaining the groundbreaking ceremony for the new building. "This is our response to the high demand for leisure vehicles in Europe and the new challenges posed by sustainability and digitalization. The expansion of our capacities with this state-of-the-art production facility for superstructures, allows us to integrate new, innovative technologies and trends. Leisure vehicles will become lighter, more efficient and more sustainable, and we will be able to offer better solutions for this in the future."

In addition, the new superstructure production facility will enable shorter delivery times for dealers and customers once it is up and running. With the new facility to expand production capacities and create additional high-quality jobs, Knaus Tabbert is also making a commitment to the Jandelsbrunn site and the region.

Starting in the fourth quarter of 2022, the new production hall will manufacture side walls, roofs, floors, and front and rear parts.

Contact Press/Media 
Stefan V. Diehl 
Mobile: +49 (0) 162 9081044  
E-Mail:  

Contact Investor Relations
Manuel Taverne
Mobile: +49 (0) 152 02092909
E-mail:

About Knaus Tabbert
Knaus Tabbert AG is one of Europe's leading manufacturers of recreational vehicles with its headquarters in Jandelsbrunn, Lower Bavaria. The Group operates further sites in Mottgers and Schlüsselfeld in Germany, and in Nagyoroszi in Hungary. The company has been listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000A2YN504) since September 2020. With its brands KNAUS, TABBERT, T@B, WEINSBERG, MORELO and the internet platform RENT AND TRAVEL, the company generated revenues of almost EUR 800 million and produced more than 24,000 recreational vehicles with approximately 3,000 employees in 2020. For more information, go to .

Additional features:

Picture:
Subtitle: Spatenstich Jandelsbrunn

14.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Knaus Tabbert AG
Helmut-Knaus-Str. 1
94118 Jandelsbrunn
Germany
Phone: +49 (0)8583 / 21-1
Fax: +49 (0)8583 / 21-380
E-mail:
Internet:
ISIN: DE000A2YN504
WKN: A2YN50
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1240786

 
End of News DGAP News Service

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